NCLT orders liquidation of Venus Garments, rejects promoter’s revival bid
The National Company Law Tribunal (NCLT), Chandigarh Bench, has ordered the liquidation of debt-ridden textile manufacturer Venus Garments (India) Limited...
BluSmart Mobility to face insolvency proceedings over ₹1.28 crore default
Electric ride-hailing startup Blu-Smart Mobility has been admitted into corporate insolvency resolution proceedings (CIRP) by the National Company Law Tribunal...
Six major amendments that shaped insolvency framework in India
The Insolvency and Bankruptcy Code (IBC), since its enactment, has undergone six legislative amendments aimed at strengthening the insolvency framework...
Amid loan fraud controversy, Anil Ambani group says it is charting a ‘transformative’ course
Even as the Enforcement Directorate (ED) concluded its three-day search and seizure operations on premises linked to the Anil Ambani-promoted...
Fresh e-auction date announced for Eurotas Infrastructure; Reserve price fixed at Rs 100 crore
The e-auction to sell Eurotas Infrastructure Limited (EIL), currently under liquidation, has been relaunched after the earlier notice dated July...
Reliance Group’s response to ED action against Anil Ambani in Yes Bank loan fraud case
Reliance Group wishes to clarify certain recent media reports concerning the actions initiated by an enforcement agency against the company...
ED raids Anil Ambani Group in ₹3,000 crore bank loan fraud probe
The Enforcement Directorate (ED) conducted extensive simultaneous raids across Mumbai on Thursday in connection with an alleged ₹3,000 crore bank...
Shakti Bhog Snacks CIRP: NCLT says IBC cannot be used to sidestep legitimate process of law
The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application for the dissolution of Shakti Bhog Snacks...
In nine years, IBC helps resolve over Rs 26 lakh crore of debt — directly or indirectly
The introduction of the Insolvency and Bankruptcy Code (IBC) nine years ago has enabled the direct resolution of Rs 12...
Supreme Court clarifies application of Limitation Act to MSMED Act conciliation and arbitration
The Supreme Court, in the case of Sonali Power Equipments Pvt Ltd. vs. Chairman, Maharashtra State Electricity Board, Mumbai &...